{"id":25648,"date":"2025-09-17T10:02:16","date_gmt":"2025-09-17T05:02:16","guid":{"rendered":"https:\/\/vglobenews.com\/?p=25648"},"modified":"2025-09-17T10:02:16","modified_gmt":"2025-09-17T05:02:16","slug":"%f0%9f%92%a5-i-t-raids-shake-hyderabads-gold-giant-capsgold-ahead-of-diwali","status":"publish","type":"post","link":"https:\/\/vglobenews.com\/?p=25648","title":{"rendered":"\ud83d\udca5 &#8220;I-T Raids Shake Hyderabad\u2019s Gold Giant CapsGold Ahead of Diwali!&#8221;"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"423\" src=\"https:\/\/i0.wp.com\/vglobenews.com\/wp-content\/uploads\/2025\/09\/img_20250917_1031365299424184002438117.jpg?resize=640%2C423&#038;ssl=1\" alt=\"\" class=\"wp-image-25647\" srcset=\"https:\/\/i0.wp.com\/vglobenews.com\/wp-content\/uploads\/2025\/09\/img_20250917_1031365299424184002438117.jpg?resize=1024%2C676&amp;ssl=1 1024w, https:\/\/i0.wp.com\/vglobenews.com\/wp-content\/uploads\/2025\/09\/img_20250917_1031365299424184002438117.jpg?resize=300%2C198&amp;ssl=1 300w, https:\/\/i0.wp.com\/vglobenews.com\/wp-content\/uploads\/2025\/09\/img_20250917_1031365299424184002438117.jpg?resize=768%2C507&amp;ssl=1 768w, https:\/\/i0.wp.com\/vglobenews.com\/wp-content\/uploads\/2025\/09\/img_20250917_1031365299424184002438117.jpg?w=1200&amp;ssl=1 1200w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">I-T Raids on Leading Gold Firm CapsGold in Hyderabad<\/h3>\n\n\n\n<p><strong>Hyderabad, September 17:<\/strong><br \/>In a major crackdown ahead of the festive season, the Income Tax Department on Wednesday morning conducted extensive searches on <strong>CapsGold Pvt. Ltd.<\/strong>, one of South India\u2019s largest bullion merchants and jewellery companies.<\/p>\n\n\n\n<p>According to official sources, <strong>15 special teams<\/strong> were constituted to carry out the raids across multiple cities including Hyderabad, Secunderabad, Vijayawada, Bengaluru, and Mumbai.<\/p>\n\n\n\n<p>\ud83d\udd39 <strong>Hyderabad Raids:<\/strong> The company\u2019s Banjara Hills office was searched, along with the Kalasiguda branch in Secunderabad and the head office at Abids. Simultaneous searches were also conducted at the residences of the company\u2019s promoters and directors.<\/p>\n\n\n\n<p>\ud83d\udd39 <strong>Focus of Investigation:<\/strong> Officials confirmed that the searches were linked to suspected <strong>tax evasion<\/strong> and unaccounted transactions in gold sales. With Diwali around the corner, investigators are scrutinizing the company\u2019s financial records, retail schemes, and stock registers to track possible irregularities.<\/p>\n\n\n\n<p>\ud83d\udd39 <strong>About the Company:<\/strong> CapsGold, earlier known as <em>Chanda Anjaiah Parameshwar (CAP)<\/em>, traces its roots back to <strong>1901<\/strong>, when it was founded by <strong>Chanda Anjaiah Parameshwar<\/strong>. Over the decades, the family-run firm rose to become one of the top three bullion merchants in India, securing hallmark certification and building trust among traders and customers. The company diversified from wholesale gold and silver trading into retail jewellery and bullion outlets across South India.<\/p>\n\n\n\n<p>\ud83d\udd39 <strong>Management:<\/strong> The business is currently headed by <strong>Chairman Chanda Narasimha Rao<\/strong>, with directors <strong>Srinivas Chanda, Sreenivas Rao Chanda, and Venkatesh Chanda<\/strong> actively managing operations.<\/p>\n\n\n\n<p>\ud83d\udd39 <strong>Ongoing Search:<\/strong> Officials are said to be cross-verifying <strong>sales data, stock entries, and customer scheme-related transactions<\/strong>. Preliminary findings indicate discrepancies in certain records, though a detailed report is awaited.<\/p>\n\n\n\n<p>Residents near the offices and homes of the company\u2019s directors witnessed heavy security deployment as I-T teams continued their search operations late into the day.<\/p>\n\n\n\n<p>The raids have sent shockwaves across the bullion and jewellery industry, given CapsGold\u2019s prominent standing and vast network in South India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I-T Raids on Leading Gold Firm CapsGold in Hyderabad Hyderabad, September 17:In a major crackdown ahead of the festive season, the Income Tax Department on Wednesday morning conducted extensive searches on CapsGold Pvt. Ltd., one of South India\u2019s largest bullion merchants and jewellery companies. According to official sources, 15 special teams were constituted to carry [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[19,15,29],"tags":[2119],"class_list":["post-25648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crime","category-national","category-telangana","tag-breakingnews-hyderabad-itraids-capsgold-goldmafia-taxevasion-jewelleryraid-diwali2025-goldscam-incometax-crimenews-bullionbusiness-bigraid-goldmarket"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\ud83d\udca5 &quot;I-T Raids Shake Hyderabad\u2019s Gold Giant CapsGold Ahead of Diwali!&quot; - VGlobe News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vglobenews.com\/?p=25648\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\ud83d\udca5 &quot;I-T Raids Shake Hyderabad\u2019s Gold Giant CapsGold Ahead of Diwali!&quot; - VGlobe News\" \/>\n<meta property=\"og:description\" content=\"I-T Raids on Leading Gold Firm CapsGold in Hyderabad Hyderabad, September 17:In a major crackdown ahead of the festive season, the Income Tax Department on Wednesday morning conducted extensive searches on CapsGold Pvt. 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